Russia

Lukoil plans to increase APG utilization to 95% until the end of 2018

By the end of 2018 Lukoil plans to increase APG utilization from the current 92% to 95%, the company says.

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Highland Fund to restrictedly enter Bystrinsky project

Chinese Highland Fund hasn’t taken advantage of the pre-emptive right to acquire 39% of the stake in the Bystrinsky project, said Norilsk Nickel's financial director Sergei Malyshev.

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Fosagro may spend 3.9 bln rubles on dividends for 2016

The Fosagro’s Board of Directors has recommended the shareholders' meeting to made a decision to spend 3.9 billion rubles to pay dividends for 2016, the press centre of Fosagro reports.

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S&P improves forecasts for ratings of 13 Russian companies and their subsidiaries to “positive”

The international rating agency Standard & Poor's (S&P) has improved the outlook for long-term foreign and local currency ratings of 13 Russian companies and their subsidiaries to &quot

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Russia reduced gold production by 17.6% in January –February 2017 - Rosstat

On the results of January –February 2017 Russia reduced crude gold production in ingots or in the form of powder by 17.6% against 2015, Rosstat reports.

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Oil extraction grew by almost 130% in Yamal Nenets Autonomous Area

For the first time in 12 years the Yamal Nenets Autonomous Area states the growth of oil extraction in the region by 129.1% at once.

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Early spring complicates preparation for production season in the Amur region

The gold mining enterprises of the Amur region are currently preparing for the beginning of the prospecting season.

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Russia increased oil extraction by 4.7%, exports – by 4.6% in January

The volume of oil extraction (including gas condensate) in Russia in January made up 46.5 mln tons, which is by 4.75 higher than in January 2016 and by 0.8% higher than in December 2016, Rosstat re

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Goldman Sachs: Boom of projects in oil production due to deal of OPEC to entail surplus of oil in 2018

The reduction in the production by the OPEC countries and Russia, which led to the increase in the oil prices, could provoke a boom in the oil production projects in the next three years.

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Metalloinvest to allocate 14.2 bln rubles to pay dividends for 2016

The holding company Metalloinvest will pay dividends for 2016 at the rate of 18.94 kopecks per one ordinary share on account of its net profit for 2016 and retained earnings of the previous years,

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